SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): March 28, 1997
BROOKS FIBER PROPERTIES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-28036
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(Commission File Number)
43-1656187
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(I.R.S. Employer Identification Number)
425 Woods Mill Road South, Suite 300,
St. Louis, Missouri 63017
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(314) 878-1616
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ITEM 5. OTHER EVENTS.
On March 28, 1997, the Company completed the acquisition of the Phoenix
Fiberlink assets and networks in operation and under construction in Salt Lake
City, Utah and Reno, Nevada, together with Phoenix Fiberlink's operating rights
in Boise, Idaho. The purchase price was paid through a combination of cash and
the issuance by the Company of an aggregate of 600,000 shares of the Company's
Common Stock valued at $26.2125 per share.
A copy of the Company's press release dated March 31, 1997, with
respect to the transaction described above, is attached as Exhibit 99.1 to this
Current Report and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
Exhibit No. Description of Exhibit
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99.1 Press release issued by the registrant on March 31, 1997
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BROOKS FIBER PROPERTIES, INC.
Date: April 3, 1997 By: David L. Solomon
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David L. Solomon
Executive Vice President and Chief
Financial Officer (Principal Financial
and Accounting Officer)
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press release issued by the registrant on March 31, 1997
[CORPORATE LOGO] BROOKS FIBER PROPERTIES
Your Gateway Brooks Fiber Properties, Inc.
To The 425 Woods Mill Road South/Suite 300
Information Age Town & Country, Missouri 63017
314 878-1616 Fax 314 878-3211
FOR IMMEDIATE RELEASE
Contact: Waymon R. Tipton
Senior Vice President
(800) 799-8914, ext. 313
BROOKS FIBER PROPERTIES COMPLETES PREVIOUSLY ANNOUNCED
ACQUISITION OF PHOENIX FIBERLINK
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ACQUISITION WILL GIVE BROOKS OPERATIONAL MARKET IN SALT LAKE
CITY AND EXPAND COMPANY'S EXISTING NETWORK IN RENO
St. Louis, MO (March 31, 1997) - Brooks Fiber Properties, Inc. (Nasdaq/NM:BFPT)
today announced the completion of the previously announced acquisition of the
assets of Phoenix Fiberlink ("PFI"), a provider of competitive local
telecommunications services in the Salt Lake City, Utah and Reno, Nevada
metropolitan markets with plans for the development of a telecommunications
network in Boise, Idaho. Consideration for the transaction included cash and,
based upon an exchange rate of $26.21 per share, 600,000 shares of Brooks Fiber
common stock.
Brooks Fiber Properties, Inc., headquartered in St. Louis, Missouri, is
a leading full service provider of competitive local telecommunications services
in cities across the United States. With networks operational or under
construction in 37 U.S. cities, the company provides its customers with advanced
and reliable high-capacity voice, video, data and other enhanced
telecommunications services.
You can now receive fax copies of recent Brooks Fiber news releases 24
hours a day by calling 1-800-758-5804 and entering 102207 or visit Brooks Fiber
on the Internet at www.Brooks.net.
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